Wharton’s research centers and initiatives are at the frontier of finance, promoting innovative research and groundbreaking programs in areas including investment management, private equity, hedge funds, venture capital, quantitative finance, fintech, financial policy, and regulation. Explore the future of finance below.
Future of Finance Podcast
New Phenomena in Behavioral and Social Investing
Professor Itay Goldstein interviews Bloomberg columnist Matt Levine to examine the GameStop and AMC meme stock sagas and the powerful influence of social media on market events. The discussion highlights the role of behavioral finance in shaping investor actions and how social trends can disrupt financial markets on a global scale. Tune in here!
Research Discoveries
Understanding Common Risk Factors Between Stocks, Bonds, and Options
How do common risk factors connect stocks, bonds, and options? Professor Nikolai Roussanov expands on his study, which won the Jacobs Levy Paper Prize for Best Paper. Read more here!
“Carbon Burden” and Firms’ Value to Society
How much of a firm’s value to society is hidden by traditional financial metrics? In this interview, Professors Robert Stambaugh and Luke Taylor dive into their study, “Carbon Burden,” which is part of the Jacobs Levy Center’s working paper series. Read more here!
The Impact of “Mortgage Lock-In” on Homebuyers
During the pandemic, historically low interest rates offered a unique opportunity for prospective homeowners. However, research by Lu Liu, assistant professor of finance at Wharton and Julia Fonseca of University of Illinois at Urbana-Champaign, suggests that locking in those low rates may have had unintended consequences. Read more here!
Upcoming Events
Recent Events
Wharton Future of Finance Forum
On December 9, 2024, the Harris Family Alternative Investments Program and the Rodney L. White Center for Financial Research hosted the second annual Wharton Future of Finance Forum at Penn Washington. This year’s event brought together leading voices from academia, industry, and government to explore the transformative forces shaping global finance. As panelists engaged in these dynamic discussions, the iconic view of the Capitol building just outside the window served as a powerful reminder of the intersection between finance and policy.
LEARN MORE
Wharton Conference on Liquidity and Financial Fragility
The Wharton Conference on Liquidity and Financial Fragility was a conference held at the University of Pennsylvania. The inaugural conference occurred in 2012 and, after a break during the pandemic, we are now gearing up for the our 10th anniversary conference, which will be October 18 – 19, 2024. The conference featured papers by leading authors on the broad topics of liquidity and financial fragility.
LEARN MORE
2024 Frontiers in Quantitative Finance Conference
The Jacobs Levy Center held its 2024 Frontiers in Quantitative Finance Conference on Friday, September 20 in Jon M. Huntsman Hall on the University of Pennsylvania’s campus in Philadelphia. The program included paper presentations, a panel discussion, and recognition of the 2024 winners of the Jacobs Levy Center Research Paper Prizes.
MORE INFORMATION
About
Finance centers at the Wharton School serve as thought leaders for innovative research by supporting and disseminating cutting-edge work in areas including investment management, private equity, hedge funds, venture capital, quantitative finance, fintech, policy, and regulation.